turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Covid distribution from 401k

We withdrew a 401k in august of 2020.

I haven’t filed my 2022 taxes but if I make a payment this week in 2023 will it be applied to next tax year or do I amend my 2022 return to show a repayment? 

or can I amend a 2020 return to elect it all be claimed at once instead of spilt. 
thanks

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

3 Replies
dmertz
Level 15

Covid distribution from 401k

If you make a repayment before filing your 2022 tax return, you would need to modify (not amend) your 2022 tax return to reflect that before filing.  If you repay amounts that were taxed in previous years (2020 and 2021), you would have to amend those years' tax returns.

Covid distribution from 401k

So even if I make a payment in the year 2023 I won’t need to wait to claim on 2023 taxes? I just want to make sure if I make it now I can include it on year 2022 taxes for the last of the 3 year election.  

dmertz
Level 15

Covid distribution from 401k

Repayments made in 2023 before you file your timely-filed 2022 tax return are to be included on your 2022 Form 8915-F.

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question